Chenghe Acquisition III Co. 8-K

What Happened

• Chenghe Acquisition III Co. filed an 8-K (Item 5.02) announcing that director Ningrong Liu resigned from the Board effective May 18, 2026. The filing states Mr. Liu’s resignation was not due to any disagreement with the Company.
• The Board appointed Zhong Li as an independent director effective May 18, 2026. Mr. Li was designated a Class II director and will serve until the expiration of the Class II term and until his successor is elected and qualified. He also was appointed to the Audit, Compensation, and Nominating and Corporate Governance Committees.

Key Details

• Resignation date: Ningrong Liu resigned effective May 18, 2026; appointment effective May 18, 2026.
• Director class and committees: Zhong Li is a Class II director and will serve on the Audit, Compensation, and Nominating & Corporate Governance Committees.
• Background: Mr. Li has 20+ years of experience across finance, regulation, entrepreneurship and technology, including roles at IOSCO, CSRC, BlackRock, Noah Holdings, and co-founding Totodi Technologies.
• Governance/legal: Mr. Li will enter into the same form of indemnification agreement as other non-employee directors; no transactions requiring Item 404(a) disclosure and no arrangements or understandings regarding his election were reported.

Why It Matters

• Board composition and independence: The change replaces a departing director with an independent director who brings regulatory, compliance and cross-border investment experience—skills relevant to oversight of a SPAC structure.
• Investors should view this as a routine board update (no reported disagreement with the company and no related-party transactions disclosed). The change may affect committee oversight given Mr. Li’s appointments to key governance committees.